Nasdaq To Pay For Botched Facebook Trades

from National Public Radio

The Nasdaq stock exchange will pay $40 million in compensation for troubled trades that occurred during Facebook's initial public offering. Nasdaq clients lost millions of dollars because of computer glitches. The opening trade was delayed by more than 30 minutes, and many investors were unsure if their trades had gone through.

Broadcast Dates

• Morning Edition, June 7, 2012